List Of Wealthiest Families

For starters, mutual funds are the largest entity, and have been around since 1924. Hedge funds didn’t come to life until around 1950 and for ETFs, this stretched to the 1990s. Hermes, a luxury French fashion brand, is known for its characteristic scarves, neckties, and perfumes, as well as its renowned Kelly and Birkin purses. Thierry Hermes designed aristocratic riding attire in the nineteenth century.

Today, Adelson's widow Miriam owns more than half of the gambling empire. New York-based Lauders of cosmetics-maker Estee Lauder entered the list as the combined wealth of 25 richest families showed their net worth was worth $1.7 trillion as they gained $312 billion in past one year. TheDassaultfamily which owns the aviation company also entered the elite rich list. The richest family in the world by a long shot, the royal House of Saud, which has ruled the country that bears its name since 1744, is estimated to be worth an absolutely eye-watering $1.4 trillion (£1.1tn). The owners of French luxury goods firm Hermès, the Dumas family has an estimated combined fortune of $49.2 billion (£36bn) according to Bloomberg. The clan's company was founded by patriarch Thierry Hermès in 1837 and started out as a Parisian harness workshop, before branching out into the high-end fashion and luxury goods business.

Following the tunnel vision of great-great-granddad Warren, scion Brendan recently became chairman and CEO of Bechtel Group, the largest construction company in the United States. More than 100 years ago, Frank Mars founded the Candy company, Mars. Despite the infamous candies from Mars-like M&Ms, Snickers, Twix, and Dove, it has been earlier reported by FOX Business that pet-care products are the source of over 50 percent of the company’s revenue. The Waltons’ wealth does exceed the wealth of the second richest man in the world, Jeff Bezos, whose worth is currently $205.4 billion, as per Forbes. Although, according to Bloomberg’s September report, the Mars and Koch families have not made it to Bezos’ wealth. The company started up in early 2020, state records show, several months before the Walton's family office transferred $48 billion to a separate trust established to divest the clan's shares in the retail giant.

Facebook, TikTok, Google, Apple, and Pfizer all have their European headquarters in the country, which has a 12.5% corporate tax rate—or about half the global average. But these rates are set to change soon, as Ireland joined the OECD 15% minimum corporate tax rate agreement which was finalized in October 2021. It measures the total market value of final goods and services produced in a country in a specific timeframe, such as a quarter or year.

The Baring family, owners of an important merchant bank in London in the 18th to 19th centuries.

The fashion empire Kering now owns brands including Stella McCartney, Saint Laurent and Alexander McQueen, and is run by Pinault's son François-Henri, who is married to Hollywood actor Salma Hayek. Brothers Raymond and Thomas Kwok are property magnates with an empire that includes real estate in Hong Kong and China. Their late father Kwok Tak-Seng created Sun Hung Kai Properties in 1972. Brother Walter, who died in October 2018, was at the helm from 1990 to 2008, then Thomas and Raymond assumed the running of the firm, with their mother Kwong Siu-hing as key shareholder. However, Thomas was jailed for five years in 2014 on corruption charges and was only released in early 2019. Samuel Curtis (S.C.) Johnson started out with a flooring company in 1886, before developing his famous floor wax.

Ahead of her are brothers Jim ($63.7 billion, No. 17 worldwide) and Rob ($63.3 billion, No. 18 worldwide). Descendants of Sam and his brother, Bud, control more than 1.3 billion shares of Walmart stock either directly or through family trusts, Bloomberg says. Even though the Waltons have liquidated $6 billion in Walmart stock this year, they’re now worth more in 2021 than they were in 2020. This list of ‘richest families of the world’ shows the rising global inequality of wealth in the world.

The Koch family is one of the most political, American families engaged in business, and they control the Koch Industries. The Koch Industries is the second-largest privately owned company in the United States. The family business was started by Fred C. Koch, and he founded the oil refinery firm back then, which later became Koch Industries. Later after his death in 1967, Fred’s four sons litigated against each other in the 1980s and 1990s.

Bill (pictured left with his twin David; they eventually healed the rift) and Frederick, on the other hand, were worth substantially less. David and Frederick both passed away recently, with David leaving control of the company to his brother Charles. So there you have it,12 of the world’s wealthiest families, all of whom are still creating money and increasing their fortunes. The company was founded in 1946 and is now one of the world’s largest asset managers, with $4.9 trillion in assets under management and a total customer asset value of $8.3 trillion as of June 2020. Johnson’s granddaughter, Abigail Johnson, who is ranked 124th on the Forbes billionaires list with a net worth of $10.8 billion, now runs the company.

Howard Marshall II was a business partner of founder Fred C. Koch and owned an estimated 16% stake in the company. The Dorrance descendants are now one of the richest families in the U.S. They own about 41% of the company collectively, reported CNBC in 2018. So this was the list of 15 wealthiest families worldwide, and it includes some of the wealthiest and top 10 most prominent families of the world. The company was founded by Sam Walton in Arkansas in 1962, and it is the world’s largest company by 2022 revenues. The company has over 12,000 retail stores worldwide and 5,362 stores in the U.S. as of 2019.